Energy Continues to Be a Bright Spot for the American Economy
Posted February 27, 2014
Four Charts Show How Impressive the Shale Energy Boom Is
U.S. Chamber Blog: How important has the shale energy boom been to jobs and the economy? Very important. Mark Mills of the Manhattan Institute writes in a new report that the oil and natural gas sector has “provided a greater single boost to the U.S. economy than any other sector.” He adds:
The $300–$400 billion overall annual economic gain from the oil & gas boom has been greater than the average annual GDP growth of $200–$300 billion in recent years—in other words, the economy would have continued in recession if it were not for the unplanned expansion of the oil & gas sector.
On jobs, Mills found impressive growth nationwide as well as in states experiencing the shale boom up close and personal.
These four charts from Mills’ report show how the shale energy boom has been the job creation story of our economic recovery.
Read more: http://uscham.com/NA1K0S
More industry news:
No Conflict of Interest Found in Favorable Review of Keystone Pipeline: http://nyti.ms/1hmoL2u
Colorado Has Been Fracking for 40 Years; Why All the Fuss? http://onforb.es/1lnXmAf
What Lies Ahead: The Future of the Pennsylvania’s Oil and Natural Gas Industry: http://bit.ly/1cdeJkG
Fossil Fuels to Keep Dominating Energy Consumption Mix: http://bit.ly/1fMNnku
Commentary: The Oil and Natural Gas Boom Booms On: http://bit.ly/1bPmT2b
Energy Companies Bring Hands-On Learning to Pennsylvania High School: http://bit.ly/1hEa1u3
About The Author
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.
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